Barbara
Johnston
has a family
membership
in a group
health
insurance
program.
The annual
premium is
$12,890.
Barbara's
employer
pays 75% of
the total
cost. What is
Barbara's
annual
contribution?
A) $171.87
B) $3,222.50
C) $6,666.36
D) $9,667.50
2
Emilio Mendoza has a single plan. The PPO annual premium is $10,980. The employer pays 85%
of the cost. How much is deducted from his weekly paycheck?
A) $31.67
B) $44.87
C) $179.48
D) $1,647.00
3
Savanah Hankinson has a family plan. Her HMO annual premium is $15,230. Her employer pays
65% of the cost. How much does Savanah have deducted from her semimonthly paycheck?
A) $205.02
B) $222.10
C) $412.48
D) $9,899.50
4
Parker Moore is single and pays into an HMO. The total cost is $8,550 annually and the employer
pays 90% of the total cost. Parker also pays 50% of the optional annual dental premium of $782.
How much is deducted each week from his paycheck?
A) $16.44
B) $23.96
C) $47.92
D) $51.18
5
Chelsea and Zach Curry are self-employed writers. They pay 100% of the PPO annual insurance
premium of $13,210. They also have a dental plan that costs $890 annually and a vision plan that
costs $340 annually. The premiums are paid quarterly. How much do they pay each quarter?
A) $277.69
B) $2,740.00
C) $3,610.00
D)
$14,440.00
6
Robert Finch is single and has a health insurance plan with the benefits listed below. His recent
network health care costs include co-payments for 1 emergency room visit, 8 physician visits, and
4 specialist visits. What amount did Robert pay?
A) $695
B)
$670
C) $590
D) $570
7
Use the table in problem 6. Carmen Phan has a family health insurance plan with the benefits
listed. Her recent network health care costs include co-payments for 9 physician visits and 8
specialist visits. What amount did Carmen pay?
A) $375.00
B) $560.00
C) $750.00
D) $1,125.00
8
Use the table in problem 6. Determine your network plan (single) costs with the following copayments: 7 physician visits, 2 specialist visits, and 12 physical therapy visits at $90 each.
A) $275.00
B) $345.00
C) $620.00
D) $760.00
9
Use the table in problem 6. Determine a family's network plan costs with the following copayments: 22 physician visits, 10 specialist visits, and 8 physical therapy visits at $80 each, 1
emergency room visit plus ambulance fee. There was also a hospital charge of $2,390.
A) $825
B) $1,303
C) $2,053
D)
$3,215
10
Use the table in problem 6. After meeting the family's deductible, Ben Monerstersky had the
following family, non-network medical bills: 18 physician visits, 9 specialist visits, and 25 physical
therapy visits at $95 each. Hospital charges totaled $55,600 plus an emergency room visit.
A)
$2,464.00
B) $16,680.00
C) $19,042.50
D) $19,144.00
11
Zina Jamal is 30 years old. She wants to purchase a $50,000, 5-year term life insurance policy.
What is her annual premium?
A) $138.50
B) $149.00
C)
$160.50
D) $1,385.00
12
Use the table in problem 11. Omar Ahmed is 35 years old. He wants to purchase an $80,000, 5year term life insurance policy. What is his annual premium?
A) $238.40
B) $280.80
C)
$340.00
D) $362.20
13
Use the table in problem 11. A 45 year-old male purchases a $100,000, 5-year term policy. What
is the annual premium?
A) $450
B) $460
C)
$542
D) $759
14
Use the table in problem 11. Find the percent increase in premiums. At age 40, Veronica Vega
purchases a $70,000, 5-year term policy. She is now 45 years old.
A) 24.6%
B) 32.5%
C) 67.5%
D) 75.4%
15
Use the table in problem 11. Find the percent increase in premiums. At age 45, Zahara
Washington purchases an $80,000, 5-year term policy. She is now 55 years old.
A) 46.4%
B) 53.6%
C) 85.5%
D) 86.5%
16
Use the table in problem 16. Tara Kiminski is 25 years old. She wants to purchase a whole life
policy with a face value of $150,000. What is her annual premium?
Age
20
25
30
35
40
Whole Life
Male
Female
$8.00
$6.25
$9.50
$7.50
$11.75 $9.25
$15.00 $11.50
$19.50 $14.50
A) $72
B) $1,125
C) $1,725
D) $3,600
17
Use the table from problem 16. Tom White Oak is 25 years old. He wants to purchase a whole life
policy with a face value of $70,000. What is his annual premium?
A) $525.00
B) $665.00
C) $962.50
D) $1,120.00
18
Use the table from problem 16. Forty-year old Marcus Vance's policy is a "whole life" for $50,000.
What is his semi-annual premium?
A) $492.38
B) $624.00
C) $1,248.00
D) $1,313.00
19
Use the table from problem 16. Gustavo and Miriam Lazo each purchase a $100,000 whole life
insurance policy. Both are 30 years of age. How much more is Gustavo's annual premium than his
wife's?
A) $200
B) $250
C) $475
D)
$1,175